Tetsel Water For Sale - UNDER LOI
We are offering 572 shares of the Tetsel Ditch Company, which include Priority Right No. 9 dated November 15, 1874, for 17 cfs and Priority Right No. 21 dated July 1, 1882, for 20 cfs.
The Tetsel Ditch Company consists of 1,073 outstanding shares with a 1950-2002 average river diversion totaling 5,165 af/yr. The estimated consumptive use of the 1,073 shares averaged 2,157 acre-feet, based on a 20% ditch conveyance loss, an irrigation efficiency of 50% and 1,081 irrigated acres.*
The 1,041 shares for sale represent 97% of the total outstanding shares. These 1,041 shares had an average 1950-2002 farm head gate delivery of 3,979 af and historically irrigated approximately 1,057 acres. The estimated consumptive use of the subject 1,041 shares averaged 2,109 af.* The 32 shares not listed at this time may be possible to acquire.
*(These are approximate numbers to be fully verified)
The Tetsel diversion is a shared diversion with Prewitt Reservoir and is the last diversion in the Former District 1 located in Morgan County Colorado. Based on call records, it is rarely called out.
Terms - Cash
Notes - It is a rare opportunity to find water such as this for sale. The location of the diversion is a bonus. The Tetsel Water Sellers LLC has accomplished all that is required to have this water ready for sale. 100% of the shares is a possibility. The remaining sellers outside of this group have an interest in selling.
Auctioneers Miller & Associates | Chuck & Bryson Miller | 970-842-5575 | Brush, CO